I hav efoods @Rs. 50 Avg but I think it may take break and will be range bound. 138-149 till 18 April n looking not cross 150 till than. If result shows improvement and beyond expectation it can fly next flight If result just ok. It can touch 120 and then move ahead. I had 7000 but I sold 3000 at avg 145. I will buy back on day of meeting with stop loss . If it goes down I can set my avg further low if goes up again benefit

Bleak sales outlook during 1QCY13 We expect EFOODS’ 1QCY13 top line to increase by 11% YoY and remain flat on OoQ basis due to weak demand outlook on account of prolonged winters this year. EFOODS sales normally peak in 4Q (Oct-Dec), while 1Q (Jan-Mar) remains bleak.

Margin improvement likely We expect margins to improve on YoY basis due to the dawning flush season in the country. Milk production is at its peak during flush season which starts from January and lasts till the mid of April. Due to abundant milk supply, cost of EFOODS’s raw material (primarily loose milk) is low during 1Q. We have still conservatively assumed a gross margin of 27% during 1QCY13, 1pp lower on QoQ basis. We expect the recent price hike in dairy products to transpire in EFOODS’ top line in 2QCY13 which shall partially be offset by higher raw material cost during the lean season.

Bleak sales outlook during 1QCY13 We expect EFOODS’ 1QCY13 top line to increase by 11% YoY and remain flat on OoQ basis due to weak demand outlook on account of prolonged winters this year. EFOODS sales normally peak in 4Q (Oct-Dec), while 1Q (Jan-Mar) remains bleak.

Margin improvement likely We expect margins to improve on YoY basis due to the dawning flush season in the country. Milk production is at its peak during flush season which starts from January and lasts till the mid of April. Due to abundant milk supply, cost of EFOODS’s raw material (primarily loose milk) is low during 1Q. We have still conservatively assumed a gross margin of 27% during 1QCY13, 1pp lower on QoQ basis. We expect the recent price hike in dairy products to transpire in EFOODS’ top line in 2QCY13 which shall partially be offset by higher raw material cost during the lean season.

Aalam Saheb now rates have been down so its a good chance for you to pick EFOODS for which you were praying since last couple of days. Train station par agai he........ ab dubara na chor dena....... lolz

EFOODS will be announcing its 1QCY13 result on Apr 18'13. We expect the company to post NPAT of PkR723mn (EPS: PkR0.95) in 1QCY13, which would represent a growth of 49%YoY over 1QCY12, however sequentially we expect the earnings to fall by 26%QoQ following record high profitability and margins in 4QCY12. On a YoY basis, we estimate higher margins (GMs forecast to rise by 272bps YoY to 26%) to be the major driver behind the YoY profitability growth. Sequentially, earnings are forecast to fall by 26% following a 8%QoQ decline in revenues to PKR10bn as well as 200bps fall in GMs, which are expected to normalize following record high margins in 4QCY12. At current levels EFOODS provides 24% upside to our Dec'13 TP of PkR158/share. Buy!

EFOODS will be announcing its 1QCY13 result on Apr 18'13. We expect the company to post NPAT of PkR723mn (EPS: PkR0.95) in 1QCY13, which would represent a growth of 49%YoY over 1QCY12, however sequentially we expect the earnings to fall by 26%QoQ following record high profitability and margins in 4QCY12. On a YoY basis, we estimate higher margins (GMs forecast to rise by 272bps YoY to 26%) to be the major driver behind the YoY profitability growth. Sequentially, earnings are forecast to fall by 26% following a 8%QoQ decline in revenues to PKR10bn as well as 200bps fall in GMs, which are expected to normalize following record high margins in 4QCY12. At current levels EFOODS provides 24% upside to our Dec'13 TP of PkR158/share. Buy!

Engro Foods (EFOODS) will have their board meeting for 1QCY13 on Thursday, April18, 2013. For 1QCY13, we anticipate EFOODS’ PAT to clock in at PKR675mn (EPS:PKR0.89), representing robust 39% YoY growth but down by 31% QoQ Affected by seasonal factors, sales for the company may face a QoQ decline of ~7%.However, on YoY basis we expect a meager sales growth of 4% In line with seasonal trends, gross margins are also anticipated to take a 150bps hitQoQ (due to volumetric decline) but should display a healthy 320bps improvementYoY At current levels, the stock is trading at fair value based on our estimates. While wewill revisit our investment case post detailed 1QCY13 results, we currently maintainNEUTRAL stance